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NASDAQ:PENN

PENN Entertainment - PENN Stock Forecast, Price & News

$33.02
+0.07 (+0.21%)
(As of 12/9/2022 01:59 PM ET)
Add
Compare
Today's Range
$32.94
$33.77
50-Day Range
$27.51
$37.80
52-Week Range
$25.49
$53.36
Volume
63,860 shs
Average Volume
2.33 million shs
Market Capitalization
$5.12 billion
P/E Ratio
23.25
Dividend Yield
N/A
Price Target
$54.39

PENN Entertainment MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.69 Rating Score
Upside/​Downside
63.9% Upside
$54.39 Price Target
Short Interest
Healthy
7.57% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.74
Upright™ Environmental Score
News Sentiment
0.06mentions of PENN Entertainment in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
13.33%
From $1.50 to $1.70 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.42 out of 5 stars

Consumer Discretionary Sector

90th out of 268 stocks

Hotels & Motels Industry

11th out of 26 stocks

PENN stock logo

About PENN Entertainment (NASDAQ:PENN) Stock

PENN Entertainment, Inc., together with its subsidiaries, provides integrated entertainment, sports content, and casino gaming experiences in North America. The company operates through five segments: Northeast, South, West, Midwest, and Interactive. It operates 44 properties in 20 states; online sports betting in 13 jurisdictions; and iCasino in five under a portfolio of brands, including Hollywood Casino, L'Auberge, Barstool Sportsbook, and theScore Bet. The company was formerly known as Penn National Gaming, Inc. and changed its name to PENN Entertainment, Inc. in August 2022. PENN Entertainment, Inc. was founded in 1972 and is based in Wyomissing, Pennsylvania.

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PENN Stock News Headlines

6 Analysts Have This to Say About PENN Entertainment
PENN Crosses Above Key Moving Average Level
Penn Entertainment Could Go Either Way In 2023
Recap: PENN Entertainment Q3 Earnings
PENN Entertainment Backs FY22 Outlook - Update
See More Headlines
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PENN Company Calendar

Last Earnings
11/04/2021
Today
12/09/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
2/01/2023

Industry, Sector and Symbol

Industry
Hotels & motels
Sub-Industry
Casinos & Gaming
Current Symbol
NASDAQ:PENN
CUSIP
70756910
Employees
21,973
Year Founded
1972

Price Target and Rating

Average Stock Price Forecast
$54.39
High Stock Price Forecast
$96.00
Low Stock Price Forecast
$33.00
Forecasted Upside/Downside
+64.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.69
Research Coverage
16 Analysts

Profitability

Net Income
$420.80 million
Pretax Margin
2.76%

Debt

Sales & Book Value

Annual Sales
$5.91 billion
Cash Flow
$4.61 per share
Book Value
$24.02 per share

Miscellaneous

Free Float
152,791,000
Market Cap
$5.12 billion
Optionable
Optionable
Beta
2.17

Social Links


Key Executives

  • Mr. Jay A. SnowdenMr. Jay A. Snowden (Age 46)
    Pres, CEO & Director
    Comp: $8.78M
  • Ms. Felicia Rae Kantor Hendrix (Age 53)
    Exec. VP & CFO
    Comp: $1.91M
  • Mr. Todd George (Age 52)
    Exec. VP of Operations
    Comp: $1.87M
  • Ms. Harper H. Ko (Age 48)
    Exec. VP, Chief Legal Officer & Sec.
    Comp: $1.61M
  • Ms. Christine  LaBombardMs. Christine LaBombard (Age 52)
    Sr. VP & Chief Accounting Officer
  • Mr. Richard Primus
    Sr. VP & Chief Information Officer
  • Mr. D. Eric Schippers
    Sr. VP of Public Affairs & Chairman of the Penn National Gaming Foundation
  • Ms. Jennifer Weissman
    Sr. VP & Chief Marketing Officer
  • Ms. Wendy Hamilton
    Sr. VP & Chief HR Officer
  • Mr. Albert T. Britton (Age 65)
    Sr. VP of Regional Operations













PENN Stock - Frequently Asked Questions

Should I buy or sell PENN Entertainment stock right now?

16 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for PENN Entertainment in the last twelve months. There are currently 5 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" PENN shares.
View PENN analyst ratings
or view top-rated stocks.

What is PENN Entertainment's stock price forecast for 2023?

16 Wall Street research analysts have issued 12-month price targets for PENN Entertainment's shares. Their PENN share price forecasts range from $33.00 to $96.00. On average, they expect the company's share price to reach $54.39 in the next twelve months. This suggests a possible upside of 63.2% from the stock's current price.
View analysts price targets for PENN
or view top-rated stocks among Wall Street analysts.

How have PENN shares performed in 2022?

PENN Entertainment's stock was trading at $51.85 at the beginning of the year. Since then, PENN stock has decreased by 35.7% and is now trading at $33.32.
View the best growth stocks for 2022 here
.

When is PENN Entertainment's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 1st 2023.
View our PENN earnings forecast
.

How were PENN Entertainment's earnings last quarter?

PENN Entertainment, Inc. (NASDAQ:PENN) issued its earnings results on Thursday, November, 4th. The company reported $0.52 EPS for the quarter, missing the consensus estimate of $0.84 by $0.32. The company had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.51 billion. PENN Entertainment had a net margin of 3.86% and a trailing twelve-month return on equity of 6.42%. The business's revenue was up 33.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.93 EPS.
Read the conference call transcript
.

How will PENN Entertainment's stock buyback program work?

PENN Entertainment announced that its Board of Directors has approved a stock buyback plan on Thursday, February 3rd 2022, which permits the company to buyback $750,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to purchase up to 9.8% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's leadership believes its stock is undervalued.

What guidance has PENN Entertainment issued on next quarter's earnings?

PENN Entertainment issued an update on its FY 2022 earnings guidance on Thursday, November, 10th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $6.15 billion-$6.55 billion, compared to the consensus revenue estimate of $6.36 billion.

What is Jay Snowden's approval rating as PENN Entertainment's CEO?

30 employees have rated PENN Entertainment Chief Executive Officer Jay Snowden on Glassdoor.com. Jay Snowden has an approval rating of 87% among the company's employees.

What other stocks do shareholders of PENN Entertainment own?

Based on aggregate information from My MarketBeat watchlists, some companies that other PENN Entertainment investors own include NVIDIA (NVDA), Tesla (TSLA), Advanced Micro Devices (AMD), DraftKings (DKNG), QUALCOMM (QCOM), Walt Disney (DIS), Block (SQ), Boeing (BA), Netflix (NFLX) and PayPal (PYPL).

What is PENN Entertainment's stock symbol?

PENN Entertainment trades on the NASDAQ under the ticker symbol "PENN."

Who are PENN Entertainment's major shareholders?

PENN Entertainment's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (9.33%), HG Vora Capital Management LLC (4.84%), State Street Corp (2.70%), Renaissance Technologies LLC (1.51%), Massachusetts Financial Services Co. MA (1.07%) and Bank of New York Mellon Corp (0.92%). Insiders that own company stock include Carl Sottosanti, Christine Labombard, David A Handler, Jane Scaccetti, Jay A Snowden, Peter M Carlino and Saul Reibstein.
View institutional ownership trends
.

How do I buy shares of PENN Entertainment?

Shares of PENN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is PENN Entertainment's stock price today?

One share of PENN stock can currently be purchased for approximately $33.32.

How much money does PENN Entertainment make?

PENN Entertainment (NASDAQ:PENN) has a market capitalization of $5.17 billion and generates $5.91 billion in revenue each year. The company earns $420.80 million in net income (profit) each year or $1.42 on an earnings per share basis.

How many employees does PENN Entertainment have?

The company employs 21,973 workers across the globe.

Does PENN Entertainment have any subsidiaries?
The following companies are subsidiares of PENN Entertainment: Abradoodle LLC, Absolute Games, Absolute Games LLC, Alton Casino LLC, Ameristar Casino Black Hawk LLC, Ameristar Casino Council Bluffs LLC, Ameristar Casino East Chicago LLC, Ameristar East Chicago Holdings LLC, Ameristar Interactive LLC, Ameristar Lake Charles Holdings LLC, Argosy Development LLC, Argosy Gaming Company, BCV (Intermediate) LLC, BSLO LLC, BTN LLC, Boomtown Biloxi Interactive LLC, Boomtown Casino Biloxi, Boomtown LLC, Bossier Casino Venture LLC, Bullwhackers Casino, CCR Pennsylvania Food Services Inc, CCR Racing Management, CHC Casinos Canada Limited, CHC Casinos Corp., CRC Holdings, CRC Holdings Inc., Cactus Pete’s LLC, Casino Magic Bay St. Louis, Casino Magic LLC, Casino Rama Services Inc., Central Ohio Gaming Ventures LLC, Dayton Real Estate Ventures LLC, Delvest LLC, Development Ventures LLC, Double Bogey LLC, First Jackpot Interactive LLC, Gaming Jet Services LLC, Greektown Casino-Hotel, HC Aurora LLC, HC Bangor LLC, HC Joliet LLC, HWCC-Tunica LLC, Hollywood Casino Corp, Hollywood Casinos LLC, Hostile Grape Development LLC, Houston Gaming Ventures Inc., Illinois Gaming Investors LLC, Indiana Gaming Company LLC, Kansas Entertainment LLC, LVGV LLC, Louisiana Casino Cruises, Louisiana-I Gaming a Louisiana Partnership in Commendam, L’Auberge Interactive LLC, Magnum Pinnacle Interactive LLC, Margaritaville Resort Casino, Marquee by Penn LLC, Maryland Gaming Ventures Inc., Massachusetts Gaming Ventures LLC, Mountain Laurel Racing Inc, Mountainview Thoroughbred Racing Association LLC, PHK Staffing LLC, PM Texas LLC, PNGI Charles Town Gaming LLC, PNK (BOSSIER CITY) L.L.C., PNK (Baton Rouge) Partnership, PNK (LAKE CHARLES) L.L.C., PNK (River City) LLC, PNK (SA) LLC, PNK (SAM) LLC, PNK (SAZ) LLC, PNK Development 33 LLC, PNK Development 7 LLC, PNK Development 8 LLC, PNK Development 9 LLC, PNK Vicksburg LLC, Penn ADW LLC, Penn Hollywood Kansas Inc., Penn Interactive Ventures LLC, Penn NJ OTW LLC, Penn National GSFR LLC, Penn National Holdings LLC, Penn National Turf Club LLC, Penn Online Entertainment LLC, Penn Sanford LLC, Penn Sports Interactive LLC, Penn Tenant II LLC, Penn Tenant III LLC, Penn Tenant LLC, Pennwood Racing Inc., Pinnacle Entertainment, Pinnacle Entertainment Inc., Pinnacle MLS LLC, Pinnacle Retama Partners LLC, Plainville Gaming and Redevelopment LLC, Prairie State Gaming, RIH Acquisitions MS I LLC, RIH Acquisitions MS II LLC, Rocket Games, Rocket Speed Inc., SDGV Staffing LLC, SOKC LLC, San Diego Gaming Ventures LLC, Silver Screen Gaming LLC, St. Louis Gaming Ventures LLC, The Missouri Gaming Company LLC, The Shops at Tropicana Las Vegas LLC, Toledo Gaming Ventures LLC, Tropicana Las Vegas Hotel and Casino, Tropicana Las Vegas Hotel and Casino Inc., Tropicana Las Vegas Inc., Tropicana Las Vegas Intermediate Holdings Inc., Villaggio Development LLC, Washington Trotting Association LLC, Yankton Investments LLC, Youngstown Real Estate Ventures LLC, Zia Park Casino Hotel & Racetrack, Zia Park Interactive LLC, Zia Park LLC, and eBetUSA.com Inc..
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How can I contact PENN Entertainment?

PENN Entertainment's mailing address is 825 BERKSHIRE BLVD STE 200, WYOMISSING PA, 19610. The official website for the company is www.pngaming.com. The company can be reached via phone at (610) 373-2400, via email at penn@jcir.com, or via fax at 610-373-4966.

This page (NASDAQ:PENN) was last updated on 12/9/2022 by MarketBeat.com Staff